Mantra (OM) suffered a collapse of up to 90 percent with a shocking drop yesterday evening. Although the reasons behind the decline are not fully known, the statements made by the team attracted attention. The Mantra team stated that the project is standing and that the sales made are market maker or stock market factor. On the other hand, allegations of sales from the team also occupied the agenda. As OM coin fell from $6 to $0.35, crypto investors started to search for reliable RWA projects.
Which RWA coins could gain traction with the collapse of OM? Here are the RWA coins that could stand out…
Pioneer in the field of RWA: Ondo (ONDO)
Ondo (ONDO), designed to integrate traditional finance with blockchain and open the doors of the crypto world to institutional investors, is growing day by day. The Ondo platform attracts attention with hundreds of customers and a tokenization volume of hundreds of millions of dollars. Ondo, which has received investments from Binance, Coinbase and many large companies, is touted as the strongest RWA project of the coming period. With the collapse of the Mantra project, it is claimed that ONDO will be the first choice of RWA investors.
With a market capitalization of $2.776 billion, ONDO records an average daily trading volume of $150-200 million. The record level of the cryptocurrency, whose current price is $ 0.8785, is in the $ 2.05 region.
Potential RWA: Plume (PLUME)
Plume (PLUME), one of the newest players in the crypto and RWA world, is experiencing steady growth. The RWA project enables enterprises to integrate with the blockchain with its layer-1 infrastructure. Although the RWA coin is facing price-based declines, the number of investors is increasing day by day. PLUME, which has received investments from investment and management company Apollo and crypto exchange Binance, is shown as one of the potential stars of the next period.
With a market capitalization of $304 million, PLUME records an average daily trading volume of $30-50 million. PLUME, which entered Binance’s second stage listing campaign, did not qualify for spot listing as it did not make the top three in the said vote. Nevertheless, it is rumored that PLUME will be traded on Binance’s spot market in the future.
Pendle (PENDLE)
Pendle (PENDLE) is a crypto project that combines the RWA and DeFi domains. Serving the yield and interest space, Pendle integrates the major players of traditional finance into the crypto world. The Ethereum (ETH) based protocol focused on asset management and tokenization. Designed by entrepreneurs with the pseudonyms TN Lee, GT, YK and Vu, Pendle has managed to attract attention with its steps in the financial field. PENDLE, which showed a significant rise in March 2024, may make a name for itself in the coming period.
With a market capitalization of $515 million, PENDLE records an average daily trading volume of $70-100 million. The peak of the cryptocurrency, whose current level is $ 3.19, is around $ 6.85.
Keeta (KTA)
Keeta (KTA), one of the new players in the crypto sector, aims to unify all kinds of transactions spanning different blockchains and fiat payment systems. The costly nature of intermediaries and the increasing use of centralized systems are shaping Keeta’s perception of decentralized finance. By building a highly efficient layer-1 infrastructure, Keeta could make a name for itself in the RWA space. The Keeta team was inspired by the cheetah, an animal, and claimed that the blockchain infrastructure is very fast.
Keeta is currently using the Base network as it is in transition and the mainnet process will be completed soon. KTA, which can be traded on the Base network, has a market capitalization of $59 million. KTA records an average daily trading volume of 2-5 million dollars.
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